Oswal Pumps Limited has announced the re-designation of Mr. Avadhesh K. Singh as Group Chief Operating Officer (Group COO), effective May 16, 2026. The development was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to changes in senior management personnel.

Board Approval and Regulatory Disclosure

The Board of Directors of Oswal Pumps, at its meeting held on May 16, 2026, approved the re-designation on the recommendation of the Nomination and Remuneration Committee. The board meeting commenced at 1530 hours and concluded at 1830 hours. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Details of the Re-designation

The following table summarises the key particulars of the re-designation as disclosed under Annexure A of the regulatory filing:

The re-designation does not entail any alteration to Mr. Singh's existing responsibilities or terms of appointment. The filing was signed by Anish Kumar, Company Secretary and Compliance Officer of Oswal Pumps Limited, on May 16, 2026.

Oswal Pumps Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 16, 2026. The company reported record growth in total income and profit for the fiscal year, driven by large-scale execution under government schemes and strong operational performance across its solar pumping and emerging renewable energy segments.

Consolidated Financial Performance

For the financial year ended March 31, 2026, Oswal Pumps reported total income of ₹20,859 million, a 45.6% increase from ₹14,329 million in the previous year — the highest in the company's history. Consolidated net profit for the year rose 34.1% to ₹3,763 million from ₹2,806 million, with a PAT margin of 18.0%. EBITDA for the full year grew 26.7% YoY to ₹5,354 million, with an EBITDA margin of 25.7% compared to 29.5% in the prior year. Total consolidated assets grew to ₹21,461.85 million as at March 31, 2026, while total equity stood at ₹16,829.02 million.

The following table summarizes the key consolidated financial metrics:

Quarterly Performance

In the quarter ended March 31, 2026, total income stood at ₹5,167 million, a 41.3% increase from ₹3,656 million in the corresponding quarter of the previous year. Consolidated net profit for Q4 FY26 was ₹925 million, up 44.8% YoY, with a PAT margin of 17.9%. EBITDA for the quarter stood at ₹1,250 million with a margin of 24.2%, compared to ₹998 million and a margin of 27.3% in Q4 FY25. The company recognized an exceptional item of ₹11.72 million during the year related to provisions for past service obligations under the new Labour Codes.

The table below presents the quarterly and full-year financial summary:

Management Commentary

Commenting on the results, Mr. Vivek Gupta, Chairman and Managing Director, stated that FY26 total income reached ₹20,859 million, the highest in the company's history, driven by consistent and large-scale execution under PM KUSUM and state government schemes. He noted that the sequential moderation in Q4 margins reflects competitive tender pricing and input cost pressures from prevailing geopolitical uncertainties, headwinds the company is proactively addressing through structured value-engineering and cost optimization initiatives. He added that with a strong foundation in solar-powered irrigation, a growing presence across renewable energy segments, and a proven ability to execute at scale, the company enters its next phase of growth from a position of considerable strength.

Cash Flow and IPO Proceeds

Net cash used in operating activities improved to ₹770.76 million in FY26 from ₹1,421 million in FY25, reflecting stronger working capital discipline and improved collections efficiency. Collections exceeding ₹1,164 million received on April 2, 2026 effectively turned the full year operating cash flow position positive to ₹393 million. Operating cash flow for Q4 FY26 turned decisively positive, clocking ₹1,706 million. Regarding its IPO completed in June 2025, the company reported total proceeds of ₹8,415.14 million, with ₹5,701.74 million utilized as of March 31, 2026, and unutilized proceeds of ₹2,684.62 million deployed in fixed deposits.

Operational Highlights and Growth Strategy

Oswal Pumps maintained a robust order book of over 19,912 pumps across direct PM KUSUM, Magel Tyala, indirect PM KUSUM, and export orders, complemented by a near-term pipeline exceeding 25,000 pumps. The company is also closely tracking the anticipated rollout of PM KUSUM 2.0, which represents a significant incremental opportunity. As part of its long-term growth strategy, Oswal Pumps is diversifying into Rooftop Solar, Utility, and Commercial & Industrial (C&I) Solar EPC projects, having secured its first order under the PM Surya Ghar: Muft Bijli Yojana. As of the date of the press release, the company has built a pipeline of 300 MW across these new verticals, reflecting growing market traction and reinforcing the scalability of these segments.